Market Trends and Regulatory
1.32 million units in June, representing a 19.5% increase from June 2020 and an 8.3% decrease from June 2019, with the decline attributed to weak fleet sales. The seasonally adjusted annualized rate (SAAR) for total new-vehicle sales is projected to be
15.8 million units. The same forecast notes that U.S. retail sales continue to experience strong demand, but “
the effect of fewer vehicles in inventory at dealerships is finally starting to have a material effect on aggregate industry sales volumes.” Cox Automotive, in its 2021 Mid-Year Review, predicts
U.S. new light vehicle sales will reach 1.38 million in June,
representing a SAAR of 16.4 million units.
Foley Weekly Automotive Report - June 2021 - 5 | Foley & Lardner LLP jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.